ECB Stops Loans to Some Greek Banks as Draghi Talks Exit
ECB stops operations with some Greek bank: sources
New U.S. Housing Construction in April Exceeds Forecasts
Industrial Production in U.S. Climbs More Than Forecast
Merkel’s First Hollande Meeting Yields Growth Offer for Debt-Laden Greece
Bank of Japan Stimulus Hits Wall as Bond Buying Falls Short for First Time
U.S. Said to Start Probe of $2 Billion JPMorgan Loss
European Stocks Extend Four-Month Low Amid Greek Concern
Oil Drops to Six-Month Low on Supply, Greece
S&P 500 Caps Longest Slump in 1 Month on Europe Concerns
“Policymakers already concerned about the relentless rise in global food inflation are facing more bad news in the shape of soaring soyabean prices. Soyabean prices have risen to their highest level in 34 years, boosted by strong Chinese demand and fears that current prices are not high enough to swing acreage from corn to soyabeans in the US… The price-jump threatens to resonate through the supply chain, boosting meat and poultry prices because soyabean is used largely for animal feed, analysts warned."
Financial Times, November 29, 2007
by Doug Noland | May 11
Between Greece, Spain and JPMorgan, there was plenty to worry the markets this week.
Read moreby Martin Hutchinson | May 7
The World Is Topologically Complex
Commentators seeking to solve economic problems mistakenly assume a benign government manipulating the economy’s levers.
Read moreby Nicholas Moses | May 11
Eurocrats can no longer afford to dismiss the “fringe” challenges to their vision of a perpetual superstate.
Read moreby John Browne | May 15
If Germany decides its economic system is fundamentally incompatible with a neo-Keynesian Europe, it may lead to the ultimate demise of the fiat money system.
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